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NEW DELHI: Reliance Industries Ltd has cumulatively invested $150 billion in the last 10 years, the biggest by any Indian corporate, its chairman and managing director Mukesh Ambani said on Monday.Speaking at the company’s annual general meeting, Ambani said Reliance has been the forerunner of emerging new India.“We have set seemingly impossible goals and achieved
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NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing Rs 2 lakh crore.On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana
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When Asia’s richest man Mukesh Ambani addresses shareholders on Monday, investors expect the billionaire to divulge more details on initial public offering plans for its retail and telecom units.Ambani, chairman of Reliance Industries Ltd., will address shareholders at its 46th annual general meeting by video on Monday. His once-a-year speech to investors — similar to
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NEW DELHI: Mining magnate Anil Agarwal’s Vedanta has won an arbitration against a demand for a higher payout from its Rajasthan oil and gas fields after disallowance of Rs 9,545 crore (about $1.2 billion) in certain costs incurred, the company said.According to a contract, companies are allowed to recover all costs incurred before splitting profit
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NEW DELHI: Eyeing a larger share of business from global and electrics, TVS Motors will invest Rs 3,900 crore over the next four to five years to boost its green portfolio, just as the company develops an all-new petrol and electric platforms with BMW’s Motorrad for the Indian and international markets, MD Sudarshan Venu has
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NEW DELHI: India’s real estate sector is expected to expand to $5.8 trillion by 2047 when the country celebrates its 100th year of Independence, according to a report. The current real estate is estimated to be about $477 billion.The report released by real estate consultant Knight Frank India in association with the National Real Estate
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NEW DELHI: As inflation is moderating, diversified group ITC is seeing green shoots of volume growth and expects the momentum to continue sequentially, its chairman and managing director Sanjiv Puri said on Sunday.This will certainly lead to improvement in volume, but it will not happen overnight, said Puri here on the sidelines of the B20
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NEW DELHI: The government has decided not to allow exports of basmati rice below $1,200 per tonne to restrict possible “illegal” shipment of white non-basmati rice in the garb of premium basmati rice.In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below $1,200 per
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NEW DELHI: Foreign direct investment (FDI) into India declined 34% to $10.94 billion during April-June period this fiscal year, according to government data.FDI inflows stood at $16.59 billion during April-June 2022-23, the data from Department for Promotion of Industry and Internal Trade (DPIIT) showed.According to the data, FDI dipped from countries including Mauritius, Singapore, the
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NEW DELHI: After infusing a staggering amount in Indian equities in the past three months, the pace of inflow from foreign investors ebbed in August with a net investment of Rs 10,689 crore on higher crude oil prices and resurfacing of inflation risks.Further, markets could remain volatile in the coming week due to macroeconomic uncertainty
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